Holding(s) in Company

For filings with the FSA include the annex

 For filings with issuer exclude the annex


+------------------------------------------------+
| TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES |
+------------------------------------------------+

+----------------------------------------------------------+-------------------+
|1. Identity of the issuer or the underlying issuer of     |                   |
|existing shares to which voting rights are attached:      |Milestone Group PLC|
+----------------------------------------------------------+-------------------+

+------------------------------------------------------------------------------+
|2 Reason for the notification (please tick the appropriate box or boxes):     |
+----------------------------------------------------------------------------+-+
|                                                                            | |
|An acquisition or disposal of voting rights                                 |x|
+----------------------------------------------------------------------------+-+
|                                                                            | |
|An acquisition or disposal of qualifying financial instruments which may    | |
|result in the acquisition of shares already issued to which voting rights   | |
|are attached                                                                | |
+----------------------------------------------------------------------------+-+
|                                                                            | |
|An acquisition or disposal of instruments with similar economic effect to   | |
|qualifying financial instruments                                            | |
+----------------------------------------------------------------------------+-+
|                                                                            | |
|An event changing the breakdown of voting rights                            | |
+-----------------------+----------------------------------------------------+-+
|                       |                                                    | |
|Other (please specify):|                                                    | |
+-----------------------+----------------------------------------------------+-+

+-------------------------------------------------------+----------------------+
|3. Full name of person(s) subject to the notification  |Mr Brett Desmond      |
|obligation:                                            |                      |
+-------------------------------------------------------+----------------------+
|4. Full name of shareholder(s) (if different from 3.): |Aurum Nominees Limited|
+-------------------------------------------------------+----------------------+
|5. Date of the transaction and date on which the       |21 April 2011         |
|threshold is crossed or reached:                       |                      |
+-------------------------------------------------------+----------------------+
|6. Date on which issuer notified:                      |21 April 2011         |
+-------------------------------------------------------+----------------------+
|7. Threshold(s) that is/are crossed or reached:        |From over 6% to zero  |
+-------------------------------------------------------+----------------------+



+------------------------------------------------------------------------------+
|8. Notified details:                                                          |
+------------------------------------------------------------------------------+
|A: Voting rights attached to shares                                           |
|                                                                              |
+--------------+---------------------+-----------------------------------------+
|Class/type of |Situation previous   |Resulting situation after the triggering |
|shares        |to the triggering    |transaction                              |
|              |transaction          |                                         |
|if possible   +----------+----------+--------+---------------+----------------+
|using         |Number    |Number    |Number  |Number of      |% of voting     |
|the ISIN CODE |of        |of        |of      |voting         |rights          |
|              |Shares    |Voting    |shares  |rights         |                |
|              |          |Rights    +--------+------+--------+------+---------+
|              |          |          |Direct  |Direct|Indirect|Direct|Indirect |
+--------------+----------+----------+--------+------+--------+------+---------+
| GB0033127910 |          |          |        |      |        |      |         |
+--------------+15,729,204|15,729,204|0       |0     |        |0     |         |
|              |          |          |        |      |        |      |         |
+--------------+----------+----------+--------+------+--------+------+---------+

+-------------------------------------------------------------------------+
|B: Qualifying Financial Instruments                                      |
+-------------------------------------------------------------------------+
|Resulting situation after the triggering transaction                     |
|                                                                         |
+-----------------+----------+----------+---------------------+-----------+
|Type of financial|Expiration|Exercise/ |Number of voting     |% of voting|
|instrument       |date      |Conversion|rights that may be   |rights     |
|                 |          |Period    |acquired if the      |           |
|                 |          |          |instrument is        |           |
|                 |          |          |exercised/ converted.|           |
|                 |          |          |                     |           |
+-----------------+----------+----------+---------------------+-----------+
|       N/A       |N/A       |N/A       |N/A                  |N/A        |
+-----------------+----------+----------+---------------------+-----------+

+-------------------------------------------------------+
| Total (A+B)                                           |
|                                                       |
+-------------------------+-----------------------------+
| Number of voting rights | Percentage of voting rights |
+-------------------------+-----------------------------+
| 0                       | 0                           |
+-------------------------+-----------------------------+



+----------------------------------------------------------------------------+
|9. Chain of controlled undertakings through which the voting rights and/or  |
|the                                                                         |
|financial instruments are effectively held, if applicable:                  |
+----------------------------------------------------------------------------+
|N/A                                                                         |
+----------------------------------------------------------------------------+
|Proxy Voting:                                                               |
+----------------------------------------------------------------+-----------+
|10. Name of the proxy holder:                                   |N/A        |
+----------------------------------------------------------------+-----------+
|11. Number of voting rights proxy holder will cease to hold:    |N/A        |
+----------------------------------------------------------------+-----------+
|12. Date on which proxy holder will cease to hold voting rights:|N/A        |
+----------------------------------------------------------------+-----------+

+-------------------------------+---------------+
| 13. Additional information:   | N/A           |
+-------------------------------+---------------+
| 14. Contact name:             | Deborah White |
+-------------------------------+---------------+
| 15. Contact telephone number: | 020 7929 7826 |
+-------------------------------+---------------+







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Source: Milestone Group PLC via Thomson Reuters ONE

[HUG#1509225]